The group BIDOSSESSI is made up of fifteen people who live in the same area. This is the second time that the group has asked for financial aid from Alidé, in order to increase their activity levels. The representative of the group, named Martine, is the one with her hand raised in the photo. Martine is forty-six years old and lives in Benin. Martine did not attend school. Martine is a widow and doesn't have any children. However, Martine is taking care of two children. In order to provide for her various needs and those of the children in her care, Martine has sold flour, manioc, and corn for around thirty years in a city in Benin. Additionally, she sells local drinks. Martine stocks up in her area. In striving to satisfy her clients and to increase her turnover and her revenues, Martine is asking with the other members of the group BIDOSSESSI for a second loan from Alidé. Their first loan has been paid off.
Le groupement BIDOSSESSI est composé de quinze personnes qui résident dans la même région. C'est la deuxième fois que ce groupement sollicite l'aide financier de ALIDé, afin d'élever le niveau de son activité. La représentante de ce groupement, du nom de Martine est celle qui a la main levée sur la photo. Martine est âgée de 46 ans et vit au Bénin. Martine n’a pas fréquenté l’école. Martine est une veuve et n’a aucun enfant. Cependant, Martine a deux enfants à charge. Pour subvenir à ses divers besoins et à ceux des enfants à charge, Martine vend depuis une trentaine d’année, de la farine de manioc, et du maïs dans une ville du Bénin. De façon secondaire, Martine vend de la boisson locale. Martine s’approvisionne dans sa région. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Martine sollicite ensemble avec les autres membres du groupement BIDOSESSI, un deuxième crédit auprès de ALIDé. Le premier prêt a été bien remboursé.
Alidé is a Beninese NGO that works to reduce poverty by offering sustainable access to productive loans like this one in addition to savings, training sessions, and social work to low-income families.
Supporters of this loan should be aware that there is some risk of being repaid late. Because the Beninois Ministry of Finance has imposed restrictions on the amount of money Alidé can send to Kiva, the organization can only send monthly repayments in installments smaller than $13,000. This means that some Kiva lenders may receive their repayments late. However, Alidé remains a healthy institution in good standing with its creditors, and Kiva would like to continue working to support its clients. For more information, please refer to Alidé's partner profile page.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.